Lukoil gets $1.93 billion term loan

By Sara Rosenberg

New York, Dec. 28 - OAO Lukoil closed on a new $1.93 billion three-year unsecured term loan with an interest rate of Libor plus 70 basis points, according to a company news release.

Citigroup, ABN Amro Bank, BNP Paribas and Sumitomo Mitsui Banking Corp. acted as lead arrangers on the deal.

Proceeds from the term loan were used to refinance the bridge loan obtained for the acquisition of former Nelson Resources Ltd. of Bermuda.

Lukoil is a Moscow-based oil and gas company.

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